Franklin Financial Services (NASDAQ:FRAF) Director Kimberly Rzomp Sells 1,500 Shares

Franklin Financial Services Corp. (NASDAQ:FRAF) Director Kimberly Rzomp sold 1,500 shares of Franklin Financial Services stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $54.07, for a total value of $81,105.00. Following the completion of the sale, the director directly owned 5,842 shares of the company’s stock, valued at $315,876.94. The trade was a 20.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Franklin Financial Services Stock Performance

Shares of Franklin Financial Services stock opened at $53.63 on Tuesday. The business has a 50-day moving average of $49.77 and a 200 day moving average of $44.63. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.91 and a quick ratio of 0.91. Franklin Financial Services Corp. has a 12 month low of $28.01 and a 12 month high of $59.95. The stock has a market capitalization of $240.26 million, a price-to-earnings ratio of 15.32 and a beta of -0.10.

Franklin Financial Services (NASDAQ:FRAF) last issued its earnings results on Tuesday, October 28th. The company reported $1.19 earnings per share for the quarter. The firm had revenue of $23.22 million for the quarter. Franklin Financial Services had a net margin of 12.34% and a return on equity of 10.11%.

Franklin Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.32 annualized dividend and a yield of 2.5%. Franklin Financial Services’s dividend payout ratio is currently 37.71%.

Institutional Trading of Franklin Financial Services

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Franklin Financial Services by 341.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,105 shares of the company’s stock valued at $323,000 after acquiring an additional 7,042 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Franklin Financial Services during the first quarter worth about $571,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Franklin Financial Services in the second quarter valued at approximately $36,000. Bridgeway Capital Management LLC lifted its stake in shares of Franklin Financial Services by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 64,715 shares of the company’s stock valued at $2,241,000 after buying an additional 541 shares during the period. Finally, Bank of America Corp DE boosted its position in Franklin Financial Services by 66.6% during the second quarter. Bank of America Corp DE now owns 4,549 shares of the company’s stock worth $158,000 after acquiring an additional 1,819 shares during the last quarter. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Franklin Financial Services in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Franklin Financial Services

Franklin Financial Services, Inc (NASDAQ: FRAF) is a U.S.‐listed specialty finance company that makes and acquires secured loans, with a focus on asset-based lending and mortgage warehouse financing. Through its wholly owned subsidiary, FFS Investment Company, a Maryland corporation regulated as a business development company under the Investment Company Act of 1940, Franklin Financial provides revolving lines of credit, term loans and other credit facilities secured primarily by residential and commercial mortgage loans, receivables and inventory.